Ranger Energy posts record FY2023 revenue $636.6M; Q4 net income $2.1M, declares $0.05 dividend

Ranger Energy Services, Inc.

FY2023 revenue $636.6M (+5% YoY), net income $23.8M ($0.95 EPS), adjusted EBITDA $84.4M (+6%).
Q4 revenue $151.5M (down from $154.3M prior year), net income $2.1M ($0.09 EPS) vs $7.6M prior year.
Board declared $0.05 quarterly dividend payable April 5, 2024 to record March 15, 2024.
New $50M share repurchase authorization, total capacity $85M; $21.7M returned to shareholders in 2023.
Debt reduced to $0.1M; liquidity $85.1M; expects modest growth in 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ranger Energy Services, Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue $636.6 million, net income $23.8 million, or $0.95 per fully diluted share, EPS $0.95 per fully diluted share.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $636.6 million
Net income: $23.8 million, or $0.95 per fully diluted share
EPS: $0.95 per fully diluted share
Result: reported results

Exact text from the filing

Ranger Energy Services, Inc. Announces Q4 2023 and Full Year 2023 Results HOUSTON, TX--(March 4, 2024) - Ranger Energy Services, Inc. (NYSE: RNGR) (“Ranger” or the “Company”) announced today its results for the fourth quarter and full year ended December 31, 2023 . Highlights – Full year 2023 revenue of $636.6 million, a 5% increase from $608.5 million in 2022 – Full year 2023 net income of $23.8 million, or $0.95 per fully diluted share, up from $15.1 million, or $0.65 per share in 2022

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Ranger Energy Services, Inc. filing history →

Source: SEC EDGAR

accession 0001699039-24-000018

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